Finance and investment

UKPN invests £1.4m at Kent substation

UK Power Networks (UKPN) has announced it is investing £1.4 million at its substation in Sundridge near Sevenoaks in Kent.

Moixa unveils virtual power plant plans

Moixa has announced plans to create a virtual power plant in Sussex, as part of

Labrador acquired by Verv

The mystery buyer of Labrador has now been revealed. Last week Jane Lucy, founder of Labrador, told Utility Week that the business would have gone under had it not been acquired.

Dragons’ Den switching service reaches 130,000 customers

Automated switching service Look After My Bills, which featured on BBC’s Dragons Den, has announced it has reached 130,000 customers.

Waste2Tricity signs deal to turn waste plastic into hydrogen

The energy-from-waste firm Waste2Tricity has signed a deal with Powerhouse Energy to use its technology, which turns waste plastic into hydrogen.

Calvin Capital acquires smart meter installer Lowri Beck

Failed energy suppliers leave Ombudsman out of pocket

Several failed energy retailers have exited the market owing the Energy Ombudsman money, meaning customers who filed a complaint are unable to receive redress.

‘Significant funding’ results in late accounts for Tonik Energy

A “significant funding injection” has resulted in the accounts for challenger supplier Tonik Energy being listed as “overdue” on the Companies House website.

Dutch firm opens 350kW fast charging station in Sunderland

Thames Water work uncovers Iron Age settlement

A £14.5 million Thames Water project to ease pressure on a stream in Oxfordshire has uncovered 26 human skeletons believed to be from the Iron Age and Roman periods.

Yorkshire Water launches sustainability bond

The bond will be admitted to the London Stock Exchange’s main market on 18 April and is the first from Yorkshire Water’s recently published sustainability framework, which sets out how the supplier will spend money in ways that have an environmental or social benefit.

Thames Water adds nationalisation clause to bonds

Thames Water has added a new clause to some of its financial bonds to ensure investors are paid back immediately if the utility company is nationalised.

Unions fire warning shots over Centrica boss pay rise

The trade union Unison has called on Centrica’s shareholders to block its chief executive’s controversial pay rise at next month’s annual general meeting (AGM).

‘Highly likely’ that URE Energy ceased trading in December

Industry experts have said it is “highly likely” that URE Energy ceased trading in December last year after failing to pay it renewables obligation certificates (ROCs).

SSE Enterprise uses microturbines to support cleaner energy

SSE Enterprise has partnered with Pure World Energy to install semi-permanent gas microturbine generators to provide cleaner energy in a bid to meet new emission targets.